Submitted by Anonymous on Tue, 06/16/2009 - 15:15
Oil continues its climb above $70 a barrel. Fundamentals do not justify prices at these lofty levels. Are investors hinting that a weak dollar will drive the price instead of increased demand? Stronger oil prices could signal a recover in the US economy. Unfortunately, this unsubstantiated rise in the price of crude without fundamental support behind it could have an adverse effect on economic recovery.
